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Bisas Tekstil Q2 loss widens YOY

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Bisas Tekstil Q2 loss widens YOY

4912259 said its second-quarter normalized net income amounted to a loss of 3 kurus per share, compared with a loss of 1 kurus per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of 720,460 lira, compared with a loss of 304,020 lira in the prior-year period.

Total revenue increased 6.6% on an annual basis to 3.1 million lira from 2.9 million lira, and total operating expenses climbed 27.8% year over year to 4.1 million lira from 3.2 million lira.

Reported net income totaled a loss of 906,480 lira, or a loss of 4 kurus per share, compared to a loss of 400,580 lira, or a loss of 2 kurus per share, in the year-earlier period.

s of Aug. 7, US$1 was equivalent to 2.78 Turkish lira.Bisas Tekstil Sanayi ve Ticaret AS

4912259 said its second-quarter normalized net income amounted to a loss of 3 kurus per share, compared with a loss of 1 kurus per share in the year-earlier period.